Intuit (INTU) Price Target Increased to $195.00 by Analysts at Credit Suisse Group

Intuit (NASDAQ:INTU) had its target price hoisted by Credit Suisse Group from $185.00 to $195.00 in a research report sent to investors on Monday morning. The firm currently has an outperform rating on the software maker’s stock.

INTU has been the topic of a number of other research reports. Zacks Investment Research upgraded Intuit from a sell rating to a hold rating in a report on Tuesday, January 23rd. Barclays upped their target price on Intuit from $135.00 to $157.00 and gave the stock an equal weight rating in a report on Wednesday, November 15th. Royal Bank of Canada reiterated a hold rating and set a $182.00 target price on shares of Intuit in a report on Friday, February 23rd. JPMorgan Chase & Co. upped their target price on Intuit to $163.00 and gave the stock a neutral rating in a report on Thursday, January 4th. Finally, Bank of America upped their target price on Intuit from $172.00 to $185.00 and gave the stock a buy rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. Intuit currently has an average rating of Hold and an average target price of $167.05.

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Intuit (NASDAQ:INTU) opened at $177.33 on Monday. Intuit has a twelve month low of $114.80 and a twelve month high of $178.61. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $45,375.21, a P/E ratio of 47.24, a price-to-earnings-growth ratio of 2.70 and a beta of 1.15.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. sell-side analysts expect that Intuit will post 4.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 10th will be given a $0.39 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.88%. Intuit’s dividend payout ratio is currently 42.86%.

In related news, EVP Henry Tayloe Stansbury sold 2,158 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $158.94, for a total value of $342,992.52. Following the transaction, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at approximately $484,767. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott D. Cook sold 159,556 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $170.26, for a total value of $27,166,004.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 728,049 shares of company stock worth $121,193,430. Insiders own 5.59% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in Intuit by 1.0% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock valued at $4,986,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Intuit by 11.9% during the 4th quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock valued at $484,000 after buying an additional 326 shares during the period. Koch Industries Inc. lifted its holdings in shares of Intuit by 16.0% during the 4th quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock valued at $400,000 after buying an additional 349 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of Intuit by 5.5% during the 4th quarter. LS Investment Advisors LLC now owns 6,886 shares of the software maker’s stock valued at $1,086,000 after buying an additional 359 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of Intuit by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the software maker’s stock valued at $375,000 after buying an additional 374 shares during the period. 87.15% of the stock is currently owned by institutional investors and hedge funds.

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About Intuit

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.